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CeramTec announces its acquisition by BC Partners

Plochingen, 2017-10-11

CeramTec announces today, that a Consortium led by Funds advised by leading private equity firm BC Partners (“BC Partners”), has reached an agreement to acquire CeramTec Group (“CeramTec”) from its current owner Cinven. The Public Sector Pension Investment Board and Ontario Teachers’ Pension Plan both hold a stake in the Consortium. The acquisition is subject to approval by anti-trust and foreign investment authorities.

Henri Steinmetz, the CEO of CeramTec, commented on the transaction: "We are delighted to welcome the BC Partners led consortium as our new owners. Over the past four years, we have invested substantially in our operations and our people. We have doubled our ceramic implant capacity in Marktredwitz; we have simplified the organizational set-up; and we have created a leading platform in piezo ceramics with the UK acquisition. In partnership with Cinven, we have started our journey from a German centric technology leader towards a true global market leader. We are looking forward to continuing on this journey together with our new owners."

Stefan Zuschke, Managing Partner of BC Partners, said: “We believe CeramTec has great potential to achieve profitable and sustainable growth, both organically and through acquisitions, and we look forward to working together with the company’s management team and its employees.”

About CeramTec

CeramTec products are often unseen, but always indispensable. The company, headquartered in Plochingen, Germany, supplies its customers with premium quality ceramic products from around the globe. The products are used in many different applications today, especially in medical engineering, automotive manufacturing, electronics, equipment and mechanical engineering, defense systems, energy and environmental technologies, and in chemical industries. The company’s success is rooted in the formula: Continued development of new, innovative materials with a strong commitment to quality, a focus on customer-specific systems solutions and dialog-based application consulting services that cover the entire product life cycle. CeramTec GmbH is one of the largest international manufacturers of ceramics for technically demanding applications. The Group employs more than 3,400 people across 20 facilities worldwide. In the 12 months to June 2017, CeramTec generated revenues of €538 million and adjusted EBITDA of €196 million. Further details on CeramTec are available at: www.ceramtec.com

About BC Partners

BC Partners is a leading international private equity firm with €18 billion of assets under management. Established in 1986, BC Partners has played an active role in developing the European buy-out market for three decades. BC Partners executives operate as an integrated team through the firm's offices in Europe and North America, acquiring and developing businesses to create value in partnership with management. Since inception, BC Partners has completed 98 investments in companies with a total enterprise value of €121 billion and is currently investing its tenth private equity fund. For more information, please visit www.bcpartners.com.

Legal disclaimer

This document contains statements that constitute forward-looking statements. These statements appear in a number of places in this document and include statements regarding the intent, belief or current expectations of our customers, estimates regarding future growth in the different business lines and the global business, market share, financial results and other aspects of the activity and situation relating to the Company. The forward-looking statements in this document can be identified, in some instances, by the use of words such as "expects", "anticipates", "intends", "believes", and similar language or the negative thereof or by forward-looking nature of discussions of strategy, plans or intentions. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and other important factors that could cause actual developments or results to differ materially from those expressed in our forward looking statements. Analysts and investors are cautioned not to place undue reliance on those forward looking statements which speak only as of the date of this presentation. CeramTec undertakes no obligation to release publicly the results of any revisions to these forward looking statements which may be made to reflect events and circumstances after the date of this presentation, including, without limitation, changes in the Company’s business strategy or to reflect the occurrence of unanticipated events. Analysts and investors are encouraged to consult the Company's public reports. The financial information contained in this document has been prepared under IFRS. This financial information is unaudited and, therefore, subject to potential future modifications.